Re:All the electricity you'll need for 40 years
by bdhdbebebeb on Sunday October 27, 2024 @05:27PM
(#41965825)
10 years ago for me math didn't add up for batteries and offgrid but it did add up for solar.
Offgrid added up if you are already offgrid so that ongrid becomes a big expense when comparing.
Re:All the electricity you'll need for 40 years
by fred_is_fred on Sunday October 27, 2024 @10:40PM
(#41967354)
That’s where my math went. 30k- 12 years to get back to the investment. 30k in the s&p is worth a lot more than 30k…
Re:All the electricity you'll need for 40 years
by toomuchtodo on Monday October 28, 2024 @05:14PM
(#41976371)
Residential solar PV and batteries should be treated as a bond return and performance, and not equivalent to investment in equities, as it is insulating you from future utility rate increases.
Invested that 40k would conservatively cover over 2x our electricity bill without touching the principal (inflation adjusted).
That's a pretty hard sell for solar. Obviously incentives will improve things but it just seems less financially risky to use grid power.